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PORTFOLIO

Neurogen Corporation

Stage: Growth

Date of Investment: 2004

Web Site : http://www.neurogen.com

Stock Symbol : NASDAQ: NRGN

Neurogen Corp. is a small molecule drug discovery company with over 15 years of experience in discovering drugs against challenging targets using its proprietary drug discovery technology. In 2004, Warburg Pincus invested $60 million in Neurogen to lead a $100 million common stock private placement. Founded in 1987 and public since 1990, Neurogen initially focused on disorders of the central nervous system, but over the last few years has diversified into a range of diseases, imcluding insomnia, pain, obesity, and depression. The Company’s powerful technology platform has generated a robust product pipeline to address these inportant disease states. Neurogen is based in Branford, Conn.

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